On April 26 | Goldman Sachs released a research report, indicating that Hong Kong Stock Exchange benefited from increased investment income and net profit per share in the first quarter exceeded expectations. Since there is no management meeting for quarterly performance announcement, the bank expects that the increase in the daily average turnover of equity securities (ADT), the liquidity reform of the stock market, and the growth of derivatives related income will drive the share price. It is expected that ADT will bottom out in the first half of the year, and then recover. It is expected that the market will improve its earnings per share. The Bank currently expects the ADT of equity securities to be HK $104 billion, HK $118 billion and HK $130 billion respectively from 2024 to 2026. The income related to equity securities ADT contributed 32% to the income of Hong Kong Stock Exchange, which is the largest single source of income. Considering the first quarter performance and the stock market trading since April, the Bank raised the earnings per share from 2024 to 2026 by 3%, 2% and 1% respectively, and the target price rose slightly from 325 Hong Kong dollars to 330 Hong Kong dollars, with the rating of "buy".
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